Inquiry on cotton futures trading planned in quarter
Washington officials announce an inquiry to establish full details of all cotton futures trading during the quarter and sixteenth to eighteenth market breaks. The findings will guide strengthening regulatory laws, with Secretary Anderson proposing a daily limit of 30,000 bales for speculative trading and hedging exceptions.
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Cotton Market Disorder Prompting Probe and Caps
Senator Dodd warned the investigation into cotton trading will act against violations of law. He cited extreme market disorder affecting producers merchandisers and processors and urged safeguards to prevent repeats amid months of speculative activity before the October decline.
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Rail executive Jie’s rise to railroad leadership saga
A rail industry figure rose from trainee to superintendent in 1900, then held key roles including federal manager, VP of operations, and president of major lines. He led the Central of Georgia, Ocean Steamship, and New Haven in the early 20th century, served with the Association of American Railroads, and was honored for wartime railroad mobilization work.
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At a New York Herald Tribune Forum on Current Problems, Jan Smuts argues that Britain’s empire evolved into a Commonwealth with sovereign dominions. He says self government expands, warns imperialism charges, and presents the Commonwealth as a nonloose, peaceful federation closer to reality than rival unions.
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